Today, Churence Rogers, Member of Parliament for Bonavista-Burin-Trinity, and Scott Pearce, Acting President of the Federation of Canadian Municipalities (FCM), announced a federal investment of more than $580,000 to help 14 Newfoundland and Labrador communities put in place innovative asset management strategies.
Asset management helps communities manage municipal infrastructure assets such as roads, arenas, bridges, drinking water and wastewater systems to ensure maximum performance and make better investment decisions. Asset management also helps reduce risks so municipalities can provide reliable and affordable services and a high quality of life to their residents.
This funding will help strengthen data-driven decision-making on key infrastructure and ensure long-term infrastructure performance. Among the recipients:
- The Town of LaScie receives $50,000 to create an asset register for fixed infrastructure assets utilizing a geographical information system, to prioritize its asset register in terms of consequence of failure and probability of failure, for capital and policy planning, and for a workshop for both Council and staff.
- The Municipality of Trinity Bay North receives $47,440 to compile a complete inventory of its major assets including linear assets, buildings and structures and fleet. Renewal and replacement projects will be prioritized through a risk assessment process involving Council and staff to support a preliminary capital program. Council and staff will also participate in a training session.
- The Town of Centreville-Wareham-Trinity receives $45,640 to develop an asset register for fixed infrastructure assets utilizing a geographical information system and associated database, to prioritize the asset register in terms of consequence of failure and probability of failure, to develop a capital plan and asset management policy document and for a workshop for both Council and staff.
